In a dramatic turn of events, the Russian new car market faced a sharp decline of 62.6% in 2022, plummeting to a market value of $21.9 billion and
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Aviation
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The Russian automotive manufacturing industry faced a significant downturn in 2022, with market values plummeting by 52.4% to $13.1 billion and pro
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The Russian airline industry experienced a significant downturn in 2022, with a market value decrease of 56.7% to $10,547 million, attributed to th
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TSAT Rostec announced on March 4, 2024, the impending deployment of a cutting-edge domestic 3D printer designed to manufacture heat-resistant compo
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The Salyut production complex of the Rostec United Engine Corporation in Moscow is set to double its training intake in 2024, welcoming over 1,000
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The United Engine Corporation’s UEC-Saturn on February 26, 2024, initiated a new application round for the Wings of Rostec, aiming to nurture futur
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Despite Western automakers exiting Russia due to economic sanctions related to the 2022 invasion of Ukraine, a ‘parallel import’ scheme initiated b
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Rostec’s Obninsk Research and Production Enterprise “Technology” has initiated the serial production of domestically produced cockpit glazing for t
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Mercedes-Benz Group has completed the sale of its shares in Kamaz, the leading Russian truck manufacturer based in Naberezhnye Chelny, known for pr
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In a significant shift in the automotive market, Chinese brands emerged as leaders in new car sales in Russia throughout 2023, according to data fr